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What is Understanding Bookkeeping Systems about?
Book-keeping is the process of recording and classifying business financial transactions. There are various bookkeeping systems including: [1] Indian system which records accounts in local languages like Hindi or Marathi, [2] Cash system which only records cash transactions, and [3] English system which includes single and double entry methods. Double entry bookkeeping is the most accurate as it records both aspects of each transaction by debiting one account and crediting another for the same amount, allow
- Author
- raul_mahadik
- Language
- EN